Ether Futures ETF Applications Fuelled by Volatility’s Bitcoin Win
Fund managers are rushing to launch Ether futures ETFs, with several applications submitted to the SEC. This follows the recent launch of Volatility’s leveraged Bitcoin futures ETF and BlackRock’s application for a spot Bitcoin ETF. The SEC has already approved Bitcoin futures ETFs, making the chances of approval for Ether futures ETFs higher. The rush for approvals came after the SEC informed asset managers that it is ready to review such applications.
Key Points:
- At least six applications for Ether futures ETFs have been submitted to the SEC.
- Volatility Shares was the first to submit an application, followed by Bitwise, Roundhill, VanEck, Proshares, and Grayscale.
- If approved, the ETFs would invest in futures contracts of Ethereum traded on the CME.
- Unlike spot ETFs, futures ETFs are shielded from market volatility and price swings.
- The SEC has not yet approved a spot ETF for Ethereum due to concerns about regulation and investor protections.
SEC Now Ready for Ether Futures ETFs
The SEC is now ready to consider Ether futures ETFs, according to industry insiders. This comes after the success of Volatility Shares’ Bitcoin futures ETF. However, approvals are not guaranteed, and the SEC still has concerns about the regulation and manipulation of the underlying asset.
Hot Take:
The rush of applications for Ether futures ETFs shows the growing interest and demand for crypto investment products. If approved, these ETFs could provide investors with a regulated and less risky way to gain exposure to Ethereum. The SEC’s willingness to review these applications indicates a shift in attitude towards crypto ETFs, which could have significant implications for the industry.
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